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"Economy of the Future" is a series of programs where Movchan's Group founding partner Andrey Movchan talks to economists and financiers about various aspects of economic development. The guest of the program on energy resources was a senior research fellow at the Carnegie Berlin Center. Movchan's Group is a group of companies that manages a family of global investment funds and individual accounts for wealthy private investors with a conservative risk profile. Contact us: [email protected] We are in social networks: Telegram: https://t.me/themovchans YouTube: / @movchans Facebook: / themovchans LinkedIn: / movchan-s-group Website: https://movchans.com Timestamps 00:00 Start 01:11 History of the oil industry 09:24 The role of Russia and the USSR 12:58 The collapse of OPEC 15:47 What happened to oil refineries 18:50 Oil production in the USA and China 24:14 Rising oil prices in the 2000s 31:40 The present of the oil industry 35:44 Oil price forecasts 39:23 The future of the oil industry 41:23 Electric cars and their future 47:33 The cost of oil production 48:33 Modern ways of creating energy 51:01 Hydrogen projects and gas 55:06 Prospects 01:01:28 Conclusion The information presented in this video does not constitute investment consulting, is not individual investment advice, is not the provision of consulting services in relation to securities, transactions with them and (or) the conclusion of contracts that are derivative financial instruments, by providing individual investment recommendations. The mentioned financial instruments and possible services described in the video do not constitute individual investment advice and may not be suitable for the relevant client based on their investment profile. This information is not an offer to conclude an investment transaction or a transaction for individual investment consulting and is for reference and informational purposes only. The posting of this information on the channel does not create any obligations either for Movchan's Group (including the group companies individually), or for the user (viewer, listener, reader of the information). #movchan #vakulenko #economyofthefuture